SFGTV: San Francisco Government Television
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we will close that deficit. and, so, that deficit will be closed. it's a cumulative amount that is reducing every year and we estimate, i think, in three years that should be cleared. the open space fund will end a year with about $3 million, 3.6 within dt. and a negative 1.1 for central shops. what that means for central shops is unless they reduce their costs, that deficit then will be built into their rates to the departments for maintenance of vehicles in next fiscal year. and then finally some of the large enterprise departments, the airport operating fund has a healthy deficit of about $82 million -- excuse me, a surplus, fund balance of $82 million. mta, 57 million, port 30, and the three funds within the puc, hetch hetchy wastewater and the water operating fund are reported here. so, in summary, the local tax revenue is a primary driver of our net good condition. the five-year financial plan and the nine-month report will further inform the mayor and the board of supervisors of any changes that are anticipated. so, as ms. howard reported, ma
we will close that deficit. and, so, that deficit will be closed. it's a cumulative amount that is reducing every year and we estimate, i think, in three years that should be cleared. the open space fund will end a year with about $3 million, 3.6 within dt. and a negative 1.1 for central shops. what that means for central shops is unless they reduce their costs, that deficit then will be built into their rates to the departments for maintenance of vehicles in next fiscal year. and then finally...
SFGTV: San Francisco Government Television
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Feb 13, 2013
02/13
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we projected a $5 76 million deficit. i think it's notable, to me it's notable about this table is that this is the -- this year with $129 million shortfall is really the best budget outlook we've had since fiscal 2007 and 2008. and it's -- we have climbed out of a significant hole. the mayor in december gave instructions to departments, asking them to reduce their ongoing general fund support by 3% over the next two years. so, 1-1/2% in each year. it's important to remember that 1-1/2% is only about $19 million. so, department solutionseses will always be a part of how the city balances its budget, but it certainly will not be the only way that we balance our budget. these are just more policy oriented instructions focusing on core functions, minimizing surface impacts. one of the things we're really interested in looking at is how are departments utilizing data to find opportunities for greater efficiency and to democrat on stray the effectiveness of their programs. and then of course to engage with their stakeholders.
we projected a $5 76 million deficit. i think it's notable, to me it's notable about this table is that this is the -- this year with $129 million shortfall is really the best budget outlook we've had since fiscal 2007 and 2008. and it's -- we have climbed out of a significant hole. the mayor in december gave instructions to departments, asking them to reduce their ongoing general fund support by 3% over the next two years. so, 1-1/2% in each year. it's important to remember that 1-1/2% is only...
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Feb 14, 2013
02/13
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>> deficit impact was a slight deficit reduction. the costs of the coverage expansion may be what you are referring to over the 10-year window at the time. hand. the number of that and the cost of coverage expansion over 10 years we think would be smaller by a little bit than we thought at the time, but the budget window, the 10 years we provide projections for has moved out to 2023 and increases the current 10-year costs. >> and and again, switching subjects for a minute, does the c.b.o. look at unfunded obligations like what the acktue article obligations are of medicaid? does c.b.o. look at those? >> yes, long-term budget outlook, we include the costs of those programs and comments on the social security trust fund. >> you discount those back and say this is what the net unfunded obligation is for social security today? >> yes, we do, congressman. >> do you have the numbers off the top of your head? but it is substantial. >> trillions of dollars between social security and medicare, correct? >> that's correct. we talked about this
>> deficit impact was a slight deficit reduction. the costs of the coverage expansion may be what you are referring to over the 10-year window at the time. hand. the number of that and the cost of coverage expansion over 10 years we think would be smaller by a little bit than we thought at the time, but the budget window, the 10 years we provide projections for has moved out to 2023 and increases the current 10-year costs. >> and and again, switching subjects for a minute, does the...
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Feb 13, 2013
02/13
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adds a dime to deficit. >> only way to do it, not add one dime to the deficit. >> it doesn't add a dime to the deficit. >> with that, bring in the panel. jonah goldberg of national review online. juan williams, columnist with the hill and sindcated columnist charles krauthammer. jonah, your thoughts on this post "state of the union." we didn't hear your thoughts last night. >> i think that there is a reason why first of all this was the lowest viewed, lowest rating "state of the union" in 14 years. people are turned off by politics. all of this talk about the liberal ascendancy and liberals in charge. republicans in disarray. the two most emotional pitches he made were for gun control and immigration reform. on gun control, all he is asking for is a vote. he just wants a vote. on immigration, which is our issue the only way to get it across is if he doesn't get it involved. in a lot of ways the "state of the union" was a tacit position of how weak his position is right now. there were stolen bases and intellectually silly things from the minimum wage stuff on down. but ultimately, it wa
adds a dime to deficit. >> only way to do it, not add one dime to the deficit. >> it doesn't add a dime to the deficit. >> with that, bring in the panel. jonah goldberg of national review online. juan williams, columnist with the hill and sindcated columnist charles krauthammer. jonah, your thoughts on this post "state of the union." we didn't hear your thoughts last night. >> i think that there is a reason why first of all this was the lowest viewed, lowest...
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Feb 16, 2013
02/13
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that being the case, and if we look at the deficit in 2008 at about $450 million and the deficit in 2012 at $1.30 trillion with revenue returning essentially to 2008 levels, is it not true that the thing is driving -- the thing that is driving the deficit to a greater degree is not that the revenues are lower than they have been but that spending is higher than it has been? is that an accurate statement? >> certainly in dollar terms, you are right that spending is going up very sharply. the problem you and your colleagues face is the perspective of many americans who are now starting to retire, the fact that there are many more of them than there were beneficiaries 10 or 20 years ago. it appears to them as an excess in the benefits they are getting, but it turns out you take the level and multiplied it by a lot more people that the aggregate spending goes up, and that is the challenge you and your colleagues face. >> it is indeed, and we look forward to working through a budgetary process that will secure those programs as opposed to moving in the direction of essentially lopping off pro
that being the case, and if we look at the deficit in 2008 at about $450 million and the deficit in 2012 at $1.30 trillion with revenue returning essentially to 2008 levels, is it not true that the thing is driving -- the thing that is driving the deficit to a greater degree is not that the revenues are lower than they have been but that spending is higher than it has been? is that an accurate statement? >> certainly in dollar terms, you are right that spending is going up very sharply....
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Feb 9, 2013
02/13
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based on current law which showed much smaller deficits. long-term rates are higher in than we had in this country and that also reflects the higher amount of debt, federal debt relative to g.d.p. than we have had over the past several decades. >> "washington post.? -- "washington post." thinking about how we should view the budget battles over the last two years. we are stabilizing debt at a much higher level. to what extent is that a result of decisions that were made by lawmakers and to what extent that is the underlying recovery in the economy? >> both factors and we have not tried to quantify them. one can look at our projections over the past several years and basically add up each successive revision, so every time we release new budget projections, we report the revisions and we divide them into the effects of economic forecasts and changes to other technical revisions. if one stacked all those up, one can get a sense about how much the debt has changed or the deficit has changed for any given year relative to any particular path pr
based on current law which showed much smaller deficits. long-term rates are higher in than we had in this country and that also reflects the higher amount of debt, federal debt relative to g.d.p. than we have had over the past several decades. >> "washington post.? -- "washington post." thinking about how we should view the budget battles over the last two years. we are stabilizing debt at a much higher level. to what extent is that a result of decisions that were made by...
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Feb 12, 2013
02/13
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so what's happened to the deficit, the annual deficit? 2008 deficit was $458 billion. too much money. yes. but $458 billion. deficit in 2013, 2012, $1.3 trillion. so what's the problem? ladies and gentlemen, i would suggest to you we have a spending debt crisis, not a revenue debt crisis. and you've got to make the right diagnosis. to put it in a little greater context. we spend about $3.6 trillion as a nation, as a whole each year, $3.6 trillion, about $2.5 trillion, $2.6 trillion is medicare, medicaid, social security and interest on the debt. those four things. the entire federal government, the rest of the entire federal government, everything, everything, post office, roads, transportation, justice, education, energy, defense, everything else is about $1 trillion. you all just heard what the deficit was last year. $1.3 trillion. which means we can do away with the entire federal government with the exception of medicare, medicaid and social security and we wouldn't even balance the budget. that's the magnitude of the challenge that we have. so it's incumbent upon
so what's happened to the deficit, the annual deficit? 2008 deficit was $458 billion. too much money. yes. but $458 billion. deficit in 2013, 2012, $1.3 trillion. so what's the problem? ladies and gentlemen, i would suggest to you we have a spending debt crisis, not a revenue debt crisis. and you've got to make the right diagnosis. to put it in a little greater context. we spend about $3.6 trillion as a nation, as a whole each year, $3.6 trillion, about $2.5 trillion, $2.6 trillion is medicare,...
WHUT (Howard University Television)
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Feb 13, 2013
02/13
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they basically don't solve the deficit. you did that once. an excellent idea. give people a spreadsheet. >> thank you, yes. >> pull these and see. >> if you tell them and give them restrictions you say well you can't just leave taxes where they are and you can't cut taxes you have to do a mix then people do -- i agree there's a huge role for education and information in all of this. >> rose: the e book as i said by david is called washington can solve the deficit and spur growth. dean of the columbia business school chair of economic advisors. captioning sponsored by rose communications captioned by media access group at wgbh access.wgbh.org
they basically don't solve the deficit. you did that once. an excellent idea. give people a spreadsheet. >> thank you, yes. >> pull these and see. >> if you tell them and give them restrictions you say well you can't just leave taxes where they are and you can't cut taxes you have to do a mix then people do -- i agree there's a huge role for education and information in all of this. >> rose: the e book as i said by david is called washington can solve the deficit and...
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Feb 10, 2013
02/13
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theconomy grows if the deficit goes down, it shrinks if the deficit goes up. you gue in the book at the deficit really doesn't matter right now. do you disagree with the government's projections? >> no, i think the cbo report is pretty reasonable. and it says that we wish we had lower debt, and if we look at the long term it would be ce to pay down the debt but it does not show a crisis. and trying to slash the deficit right now will deepen the clear and present danger which is a very high unemployment and ongoing economic slump. so i actually -- i found the cbo report supportive of what i'm saying, that right now our priorities should be jobs and not the deficit. >> i want to get your reaction to something that dave camp told us, the chairman of the house ways and means committee. he said that we need an equitable approach to cutting and spending. take a listen. i want to be get your reaction to it. >> sure. >> what we really need now is the second piece of the balanced approach which the president called for in december which is beginning the reining in of t
theconomy grows if the deficit goes down, it shrinks if the deficit goes up. you gue in the book at the deficit really doesn't matter right now. do you disagree with the government's projections? >> no, i think the cbo report is pretty reasonable. and it says that we wish we had lower debt, and if we look at the long term it would be ce to pay down the debt but it does not show a crisis. and trying to slash the deficit right now will deepen the clear and present danger which is a very...
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Feb 10, 2013
02/13
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WBAL
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now they have deficits. now they have debt but it's because of the crisis, not the other way around. greece is a completely different story. of course, we're nothing like any of those because we have our own currency. freedom of action. how much mail? i would actually in the book i call for about 2% dprks dp, $300 billion a year, which is easy now. it would take the state and local governments to rehire the schoolteachers laid off and restart the pothole fillings that have been canceled because of budget constraints. that's enough to get us a long way. that's enough to get us close to full employment right now. you stop at when the private sector repaired their balance sheets enough so the economy is growing strongly again and when the feds start raising interest rates, that's the time when you can safely cut government spending because then you can make a deal. the fed will not raise interest rates if the government is cutting spending. so there is no net effect on jobs. so it's about when we get off that z
now they have deficits. now they have debt but it's because of the crisis, not the other way around. greece is a completely different story. of course, we're nothing like any of those because we have our own currency. freedom of action. how much mail? i would actually in the book i call for about 2% dprks dp, $300 billion a year, which is easy now. it would take the state and local governments to rehire the schoolteachers laid off and restart the pothole fillings that have been canceled because...
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>> deficit impact was a slight deficit reduction. the costs of the coverage expansion may be what you are referring to over the 10-year window at the time. i don't know that number off hand. the number of that and the cost of coverage expansion over 10 years we think would be smaller by a little bit than we thought at the time, but the budget window, the 10 years we provide projections for has moved out to 2023 and increases the current 10-year costs. >> and and again, switching subjects for a minute, does the c.b.o. look at unfunded obligations like what the acktue article obligations are of social security, medicare, medicaid? does c.b.o. look at those? >> yes, long-term budget outlook, we include the costs of those programs and comments on the social security trust fund. >> you discount those back and say this is what the net unfunded obligation is for social security today? >> yes, we do, congressman. >> do you have the numbers off the top of your head? >> i'm sorry, i don't. but it is substantial. >> trillions of dollars between
>> deficit impact was a slight deficit reduction. the costs of the coverage expansion may be what you are referring to over the 10-year window at the time. i don't know that number off hand. the number of that and the cost of coverage expansion over 10 years we think would be smaller by a little bit than we thought at the time, but the budget window, the 10 years we provide projections for has moved out to 2023 and increases the current 10-year costs. >> and and again, switching...
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Feb 10, 2013
02/13
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we would replace that sequester with deficit reduction achieved over a longer time. in suburban maryland, represent a lot of people that would be directly affected if the sequester hits. do you think the administration is doing a good job of preparing federal workers and folks whose paychecks depend on what happens in the next few weeks for how it will work and how to plan their lives? >> we have been urging them to provide guidance to federal employees because as we get closer to the date there is more and more anxiety, understandably. they are trying to provide notice to employees about things that can be expected, but the problem is it affect each agency differently, so there is not one rule of thumb that will apply to every federal agency. part of the impact will depend on the extent to which employees make up most of the budget, as opposed to agencies that have more of a procurement budget or their budget is contracted out. i should emphasize that while it will hit federal employees and that is not good for anyone, that will hurt -- it will hurt around the count
we would replace that sequester with deficit reduction achieved over a longer time. in suburban maryland, represent a lot of people that would be directly affected if the sequester hits. do you think the administration is doing a good job of preparing federal workers and folks whose paychecks depend on what happens in the next few weeks for how it will work and how to plan their lives? >> we have been urging them to provide guidance to federal employees because as we get closer to the...
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Feb 13, 2013
02/13
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they basically don't solve the deficit. you did that once. an excellent idea. give people a spreadsheet. >> thank you, yes. >> pull these and see. >> if you tell them and give them restrictions you say well you can't just leave taxes where they are and you can't cut taxes you have to do a mix then people do -- i agree there's a huge role for education and information in all of this. >> rose: the e book as i said by david is called washington can solve the deficit and spur growth. dean of the columbia business school chair of economic advisors. captioning sponsored by rose communications captioned by media access group at wgbh access.wgbh.org captioning sponsored by wpbt >> this is n.b.r. >> susie: good evening, everyone. i'm susie gharib. tom's off tonight. americans are waiting to hear from president obama as he gives his state of the union speech. we look at his jobs plan and what wall street wants to hear from the president. and currency wars: g-7 countries say they're looking to boost their local economies, but critics
they basically don't solve the deficit. you did that once. an excellent idea. give people a spreadsheet. >> thank you, yes. >> pull these and see. >> if you tell them and give them restrictions you say well you can't just leave taxes where they are and you can't cut taxes you have to do a mix then people do -- i agree there's a huge role for education and information in all of this. >> rose: the e book as i said by david is called washington can solve the deficit and...
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Feb 14, 2013
02/13
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without adding a dime to our deficit. >> i won't sign it if that reform adds even one dime to our deficit in the next decade and i mean what i say. >> simple rule, congress can't spending a dime without cutting a dime elsewhere. >> fully paid for and will not add one single dime to our deficit. >> we will not pay for health insurance reform by adding to our deficit. i will not sign a bill that adds a dime to our deficit. either now or in the future. >> i will not sign a plan that adds one dime to our deficit. >> the only way we can do that. >> it will not add one dime to our deficit. >> and washington started taking responsibility for every dime, it doesn't add a dime to our deficit. >> 58.6 trillion dimes, mr. levin. >> you know, i would say to the president, why do you keep lying? why do you keep lying to the american people, a castro-like speech last night albeit in english, lie after lie after lie i'll tell you why you keep lying because your record stinks. 23 million people are unemployed. real unemployment is almost 15%. you didn't say any of this in your long speech last night. one
without adding a dime to our deficit. >> i won't sign it if that reform adds even one dime to our deficit in the next decade and i mean what i say. >> simple rule, congress can't spending a dime without cutting a dime elsewhere. >> fully paid for and will not add one single dime to our deficit. >> we will not pay for health insurance reform by adding to our deficit. i will not sign a bill that adds a dime to our deficit. either now or in the future. >> i will not...
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Feb 13, 2013
02/13
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they basically don't solve the deficit. you did that once. an excellent idea. give people a spreadsheet. >> thank you, yes. >> pull these and see. >> if you tell them and give them restrictions you say well you can't just leave taxes where they are and you can't cut taxes you have to do a mix then people do -- i agree there's a huge role for education and information in all of this. >> rose: the e book as i said by david is called washington can solve the deficit and spur growth. dean of the columbia business school chair of economic advisors. captioning sponsored by rose communications captioned by media access group at wgbh access.wgbh.org >>> the following kqed production was produced in high definition. ♪ >>> calories, calories, calories! >> wow, it rocked my world! >> it just kind of reminded me of boot camp. >> i don't know what you had, but this is great! >> it almost f >> hi! i'm leslie sbrocco, welcome to "check, please! bay area," the show where regular bay area
they basically don't solve the deficit. you did that once. an excellent idea. give people a spreadsheet. >> thank you, yes. >> pull these and see. >> if you tell them and give them restrictions you say well you can't just leave taxes where they are and you can't cut taxes you have to do a mix then people do -- i agree there's a huge role for education and information in all of this. >> rose: the e book as i said by david is called washington can solve the deficit and...
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when there's no problem created by that deficit no that's stupid does that mean the government should be hysterical about how much it's spending when our government is spending about half as much of its g.d.p. as most other developed nations and our own spending compared to ourselves is at levels lower than most of the past half century you know that's stupid too these are manufactured hysteria is to get our government to do things that will further destroy the middle class and enrich the banks in the billionaires have nothing to do with the purpose of government if the job of the government is to protect the rights of life liberty and the pursuit of happiness what the constitution repeatedly refers to as the general welfare and the real issue government should be laser focused on is obvious it's jobs and nine hundred forty four president franklin roosevelt suggested that we should put into law a second bill of rights it would cost if i what he had already been doing for a decade with the new deal and among the most important of those was the right to a job when capitalism fails to pr
when there's no problem created by that deficit no that's stupid does that mean the government should be hysterical about how much it's spending when our government is spending about half as much of its g.d.p. as most other developed nations and our own spending compared to ourselves is at levels lower than most of the past half century you know that's stupid too these are manufactured hysteria is to get our government to do things that will further destroy the middle class and enrich the banks...
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Feb 13, 2013
02/13
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in particular, deficit. when barack obama said it was not going to add a dime to have deficit there is a positive reaction among republicans and democrats. let's take a look at that clip. >> nothing i'm proposed tonight should increase our deficit by a dime. it is not a bigger government we need but a smarter ts priorities and invests in broad-based growth. that is what we should be looking for. >> there were rare moments when republicans and democrats azbreed i want to ask one question. do you believe him that his policies will not add to the deficit? do you believe it?. >> no. no. >> why don't you believe it?. >> look at the deficit. it keeps growing spiralling out of control continuing to grow. i don't see evidence it's going the other way. >> he made a commitment it won't go up. >> he's got to come up with it. >> he said $3,000 for people to refinance their homes we'd get a tax break for that. but he didn't tell us where it's going to come from. >> i believe he is believing what he wants to do. and he wa
in particular, deficit. when barack obama said it was not going to add a dime to have deficit there is a positive reaction among republicans and democrats. let's take a look at that clip. >> nothing i'm proposed tonight should increase our deficit by a dime. it is not a bigger government we need but a smarter ts priorities and invests in broad-based growth. that is what we should be looking for. >> there were rare moments when republicans and democrats azbreed i want to ask one...
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Feb 11, 2013
02/13
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CNBC
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the economy grows if the deficit goes down. shrinks if the deficit goes up. you argue the deficit doesn't matter now. do you disagree with the government projections? >> the cbo report is reasonable. it says that we wish we had lower debt. if we look at the long-term it would be nice to pay down the debt but it doesn't show a crisis. trying to slash the deficit now will deepen the clear and a present danger which is high unemployment and on going economic slump. i thought -- i found the cbo report supportive of what i'm saying. our priorities should be jobs, not the deficit. >> i want your reaction to something dave camp told us, chairman of the house ways & means committee. he said we need an equitable approach to cutting and spending. i want your reaction to it. >> sure. >> what we need now is the ekd part of the balanced approach the president called for in december. the beginning of reigning in debt and deficits. on the president's commission, they said when the debt gets to this level of the economy it costs us millions of jobs. >> yeah. so there is not
the economy grows if the deficit goes down. shrinks if the deficit goes up. you argue the deficit doesn't matter now. do you disagree with the government projections? >> the cbo report is reasonable. it says that we wish we had lower debt. if we look at the long-term it would be nice to pay down the debt but it doesn't show a crisis. trying to slash the deficit now will deepen the clear and a present danger which is high unemployment and on going economic slump. i thought -- i found the...
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Feb 13, 2013
02/13
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FBC
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just deficit reduction. i think the president clarified that a little bit this evening with a comment you just mentioned, neil. there is that question about whether and that democrats are all that serious about deficit reduction going much further. the republicans put a number, saying we want to get as close as balanced as possible. that is what they're writing right now. neil: we should point out, the president wants to avoid this constant crisis and brinksmanship ahead of what could be another deadline in two weeks. but i see nothing here that will avoid that. >> and the conversations we're having right now, at least in congress on deficit reduction or the sequestered to get rid of that deficit reduction, we are not even close to the deal right now. neil: okay. thank you very much. the republican response falls on 188. running for president and self in four years. marco rubio. >> good evening. i'm marco rubio. i am blessed to represent florida in the united states senate. let me begin by congratulating pre
just deficit reduction. i think the president clarified that a little bit this evening with a comment you just mentioned, neil. there is that question about whether and that democrats are all that serious about deficit reduction going much further. the republicans put a number, saying we want to get as close as balanced as possible. that is what they're writing right now. neil: we should point out, the president wants to avoid this constant crisis and brinksmanship ahead of what could be...
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Feb 11, 2013
02/13
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CNBC
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we have done $2.5 trillion in deficit. it's brought the deficit down, but not enough. we're not under 3% as a percentage of our economy and our -- >> gene, we still have $16.5 trillion in debt. let's talk about the here and now. the $16.5 trillion in debt. it's getting higher, not lower. our audience knows this. >> marimaria, obviously your audience what they care about is as a country to have a stable debt as a percentage of their economy. is their deficit below 3% so that your debt as a percentage of your economy is coming down and stabilized. that's what gives people confidence to invest. and that's been the goal i think of both parties. now, we have lowered the deficit. the projection of deficit as percentage of our economy. but we're seeing it's not enough. that's why this president is willing to go forward with an additional $1.8 trillion in deficit reduction which is what was the remaining amount that was on the table when he was speaking with speaker boehner and negotiating. now, the president's still willing to put that offer on the table with all the difficul
we have done $2.5 trillion in deficit. it's brought the deficit down, but not enough. we're not under 3% as a percentage of our economy and our -- >> gene, we still have $16.5 trillion in debt. let's talk about the here and now. the $16.5 trillion in debt. it's getting higher, not lower. our audience knows this. >> marimaria, obviously your audience what they care about is as a country to have a stable debt as a percentage of their economy. is their deficit below 3% so that your...
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Feb 14, 2013
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-- reduce the deficit. we passed the $600 billion tax increase, focusing on people on the high end of the income scale. the president's goal was to achieve 1.2 trillion revenue. that is less revenue and debt in that plan that in the bipartisan simpson-bowles plan, which said we should do tax reform but in addition to reducing the rates we should have a significant amount go to deficit reduction. the bipartisan simpson-bowles report would have a lot more revenue coming in than the president has proposed. i want to make that clear. i would also point out that speaker boehner during those discussions with the president said he did not want to increase rates. he could raise $800 billion by closing these tax loopholes and breaks and getting rid of these tax expenditures. those are all still there. none of the actions we have taken a limited the tax breaks that all of the candidates and the last election talked about. if we agree that those are just different forms of spending in the tax code, it seems we should
-- reduce the deficit. we passed the $600 billion tax increase, focusing on people on the high end of the income scale. the president's goal was to achieve 1.2 trillion revenue. that is less revenue and debt in that plan that in the bipartisan simpson-bowles plan, which said we should do tax reform but in addition to reducing the rates we should have a significant amount go to deficit reduction. the bipartisan simpson-bowles report would have a lot more revenue coming in than the president has...
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Feb 16, 2013
02/13
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we can do it while shrinking our deficit. begin a have to choose. we just need to make smarter choices. last year both parties work together to reduce the deficit by more than 2.5 trillion dollars. up at a store the goal of 4 trillion dollars to stabilize -- that is helping us reach the goal of $4 trillion to stabilize the deficit. we cannot for senior citizens and working families to bear the burden of deficit reduction while the wealthiest are asked to do nothing more. that will not work. we cannot cut our way to prosperity. i propose a balanced approach to bring down the cost of healthcare and getting rid of tax lee pulls -- tax loopholes. we should pursue bipartisan comprehensive tax reform that encourages job creation and helps bring down the deficit. we know what we need to do. the steps are common sense. it will help grow our economy and strengthen our middle class. in the coming weeks and months, our work will not be easy. but america only moves forward when we do so together. when we accept our obligation to one another and to the future ge
we can do it while shrinking our deficit. begin a have to choose. we just need to make smarter choices. last year both parties work together to reduce the deficit by more than 2.5 trillion dollars. up at a store the goal of 4 trillion dollars to stabilize -- that is helping us reach the goal of $4 trillion to stabilize the deficit. we cannot for senior citizens and working families to bear the burden of deficit reduction while the wealthiest are asked to do nothing more. that will not work. we...
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Feb 13, 2013
02/13
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MSNBC
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level to lower deficit. is one that you want to bring the deficit down to encourage more private investment. but you also want to make room for things that make our country great. eisenhower investing in the interstate highway program. democrats and republicans increases in mia for bio research. i think it absolutely supports that you can cut lower priority spending to reduce the deficit and that you can use a portion of that to do things that are compelling like pre-k, universal education for 4 year olds. because we're a country that believes everybody should have a fair start. and the minimum wage has no government cost at all. that's just a commitment that we as a people believe if you work full time, you work hard, you should be able to raise your family in dignity. not in poverty. >> fair point about the minimum wage. that comes out of the private sector, obviously, and some that argue will cost jobs but we can debate that another time. what about the sequester? what is happening right now that will giv
level to lower deficit. is one that you want to bring the deficit down to encourage more private investment. but you also want to make room for things that make our country great. eisenhower investing in the interstate highway program. democrats and republicans increases in mia for bio research. i think it absolutely supports that you can cut lower priority spending to reduce the deficit and that you can use a portion of that to do things that are compelling like pre-k, universal education for...
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134
Feb 12, 2013
02/13
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FOXNEWS
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that said, you know, one has to wonder about deficit and debt. how much the president is going to focus on that. to hear the house speaker say he doesn't think the president has the guts to do that, to challenge his own party on that, that was something. >> this is a very confident president. he is re-elect and feels the opponents are divided and the country is behind him. the question tonight is how much does he feel he has to compromise to get a deal? how much does he want a deal? how much does he think his legacy runs through a grand bargain with the republicans? i mean i would argue what he wants to make real investments in infrastructure and education and clean energy and manufacturing, which is he going to call for tonight, but if he wants to make them substantial he has to get the fiscal problem solved to free up revenue to do that and get some growth. we will find out a lot tonight. does he still want to demand concessions from the republicans? because he thinks he can do it again the way he did it in the debt ceiling deal? or does he thi
that said, you know, one has to wonder about deficit and debt. how much the president is going to focus on that. to hear the house speaker say he doesn't think the president has the guts to do that, to challenge his own party on that, that was something. >> this is a very confident president. he is re-elect and feels the opponents are divided and the country is behind him. the question tonight is how much does he feel he has to compromise to get a deal? how much does he want a deal? how...
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944
Feb 13, 2013
02/13
by
WTTG
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he is not going to add a dime to the deficit. >> chris: you don't buy it? >> i don't. look, this is the problem having a focus poll tested speech. you say things in sort of a a global sense but when you begin to talk about the particulars, there is tension between the two. we're not going to add a dime to the deficit and i'm going to talk about spending and these are white house fact sheet themselves. a billion for this, 15 for this, unspecified amounts. the fairness of some of these, on mortgage refinancing we're going to take money from people who have paid off their mortgage or who are paying their mortgage and not refinancing it or rent in order to to give $3,000 in cash plus a write off of closing costs and on appraisal fees for people that do refinance. how fair is that? we have a pretty amazing list of spending items. then in white house fact sheets to support the presidency, there are remarkable ideas that the president talked about that sounded good. he talked about it being more competitive. >> chris: we have limited time and get your thoughts about thoughts.
he is not going to add a dime to the deficit. >> chris: you don't buy it? >> i don't. look, this is the problem having a focus poll tested speech. you say things in sort of a a global sense but when you begin to talk about the particulars, there is tension between the two. we're not going to add a dime to the deficit and i'm going to talk about spending and these are white house fact sheet themselves. a billion for this, 15 for this, unspecified amounts. the fairness of some of...
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136
Feb 13, 2013
02/13
by
CNN
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sure it doesn't add a dime to the deficit. that means that there has to be some cooperation in making sure these things, that this is not, you do not grow the economy by cutting. you grow the economy by smart investing. it is not about big government. it is about smart government and he talked about public/private partnerships for building of roads. >> my daughters used to have a great plan to go to disney world that would not cost a penny and if we saved all of our bottle tops we could go to disney world almost for free except for the amount on the credit card. >> he didn't say for free. >> it is a big issue, though, because i will open it up to the idea for everybody here. you know you're at the ceiling, there is going to be a big part of the debate. do we extend the ceiling. have you a trillion dollar deficit but you say you will be budget neutral. seems to not add up to people. seems we have to start paying down debt as opposed to staying neutral. is it enough to be neutral? that's the question. >> the president was talkin
sure it doesn't add a dime to the deficit. that means that there has to be some cooperation in making sure these things, that this is not, you do not grow the economy by cutting. you grow the economy by smart investing. it is not about big government. it is about smart government and he talked about public/private partnerships for building of roads. >> my daughters used to have a great plan to go to disney world that would not cost a penny and if we saved all of our bottle tops we could...
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74
Feb 13, 2013
02/13
by
FOXNEWSW
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but let's be clear, deficit reduction alone is not an economic plan. [applause]. a growing economy that creates good, middle class jobs, that must be the north star that guides our efforts. [applause]. every day we should ask ourselves three questions as a nation: how do we attract more jobs to our shores. how do we equip our people with the skills they need to get those jobs. and how do we make sure that hard work leads to a decent living. now, a year and a half ago i put forward an american jobs act, independent economists said would create more than 1 million new jobs and i thank the last congress for passing some of that agenda. i urge this congress to pass the rest. but -- tonight i'll layout additional proposals that are fully paid for and fully consistent with the budget frame work both parties agreed to just 18 months ago. let me repeat, nothing i'm proposing tonight should increase our deficit by a single dime. it is not a bigger government we need, but a smarter government that sets priorities and investors in broad-based growth. [applause]. that's what
but let's be clear, deficit reduction alone is not an economic plan. [applause]. a growing economy that creates good, middle class jobs, that must be the north star that guides our efforts. [applause]. every day we should ask ourselves three questions as a nation: how do we attract more jobs to our shores. how do we equip our people with the skills they need to get those jobs. and how do we make sure that hard work leads to a decent living. now, a year and a half ago i put forward an american...
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126
Feb 13, 2013
02/13
by
FBC
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eye 126
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what he is saying is that deficit the way it is right now, he will be taking a dive off the deficit. house republicans respond and how even moderate democrats take that will be an important theme for tonight. the president and then it marco rubio responding to the president. the tea party will have its own response. kentucky senator rand paul. and what of the tea party and what to make of this body that helped land the three republicans in the capital of little more than two years ago? what happens to their revolution ? tonight we are going to talk to one of those revolutionaries year to say the tea party a dead. and this lady pointing a finger, governor jim brewer, the arizona tied he took down the president by saying, i don't have to follow your orders. she is here. she is not liking something else the president will be saying tonight. then again -- how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends an
what he is saying is that deficit the way it is right now, he will be taking a dive off the deficit. house republicans respond and how even moderate democrats take that will be an important theme for tonight. the president and then it marco rubio responding to the president. the tea party will have its own response. kentucky senator rand paul. and what of the tea party and what to make of this body that helped land the three republicans in the capital of little more than two years ago? what...